Increase in startup incubators; South India leads the pack, tier 1 cities housing half: IIT-Madras, IIM-Bangalore report

The study titled, ‘India Incubator Kaleidoscope 2024’ shows that tier 1 cities location astir fractional of each incubators that is 48 per cent. Chennai has a precocious proportionality of world incubators astatine 82 per cent, whereas Bengaluru and Gurugram person a precocious proportionality of manufacture incubators astatine 71 per cent and 84 per cent, respectively.

The incubator density is 0.8 incubators per cardinal colonisation according to the report, whereas countries similar US, UK and China scope betwixt 8 and 10 incubators per cardinal population.

The complaint of incubation is precocious among heavy tech sectors specified arsenic AI/ML, Data Analytics, Biotech and different sectors. All of them person an incubation complaint upward of 12 per cent and are sought aft by students, young professionals, women founders and those with humble fiscal resources.

Despite being smaller successful number, incubated startups person won much awards successful each the starring startup awards. Incubated startups person besides been engaged much actively successful the instauration of intelligence spot – the percent of incubated startups that person published patents is astir 5 times much than that of the non-incubated, says report.

Incubated startups person been capable to unafraid their archetypal circular of backing earlier than the non-incubated. While 27.1 per cent of the incubated startups received their first-round backing wrong 1 twelvemonth of incorporation, the corresponding percent for the non-incubated was 15.4 per cent.